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<br />84 - 003526
<br />ADJUSTABLE RATE'RIDER
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<br />(l Year Index-Payment Cap)
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<br />THIS ADJUSTABLE RATE RIDER is made this ,.3.Q..1:..I), day of .......~,"'I),~..,.......................... . 19 ,.,f?~., . and
<br />is incorporatediato and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed
<br />(the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's
<br />Adjustable Rate Note (the "Note") to ................,.,.s.,up.e.r..i.Q.l:'..,i'!,Q,r..j;,g,?,g!'l."'...+.D.~:,,:...,.................... "................
<br />..,.,...,......,..,.....,......... (the "Lender") of the same date and covering the property
<br />descnbed in the Security Instrument andloeated at:
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<br />AODrrtON"L COVENANTS. In addition to ~he covenants and agreements
<br />Borrower and Lender further covenant and agree as follows:
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<br />....,.............,..L\2.5.11....S,tliU),[),S;.. .C'...,Q.r.!?,!1.q....+.~J.?!n,c;l.....,~.J?,....,9.,f?~,9,L.........,.,.:...:.....;.,;....
<br />1 Propeny Address I
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<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES
<br />IN THE INTEREST RATE AND THE MONTHLY.PAYMENT. THE
<br />BORROWER MAY UMlT MONTHLY PAYMENTIl'/CltE.4,sES:rO
<br />7'h% EACH YEAR IF THE PROVISIONS OF THENOTEPERMUTt
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />The SOle provides for an initial interest rate of ,),1..,.;;'5... %.
<br />the monthly payments, as follows:
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<br />4, INTEREST RATE AND MONTHLY PAYMENT CHANGES;
<br />MENT
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<br />(A) Change Dates
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<br />ThelDterest rate I will pay may change on the first day of .......~,ll;!..:C...,.,...........,...,;...:.
<br />that day every 12th month thereafter. Each date on which my interest ratecouldchangeiscalled-a
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<br />( B) The Index
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<br />Beginning with the first Change Date, my interest rate will be based on an Index.
<br />average Yield on United States Treasury securities adjustedlO a constant malUrityofJ year;
<br />Federal Reserve Board. The most recent Index figure available as of the date 45
<br />called the "Current Index."
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<br />If the Index is no longer available, the Note Holder will choose a new index which
<br />!DfOrmallon, The Note Holder will give me notice of this choice.
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<br />(C) Calculation of Chanlle'
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<br />Before each Change Date. the Note Holder will ca1culateg'y new
<br />...:?..t.l'.::.~,~,!1J.(J,,,,.................................. percentage points ( ....1,.:..:..,:,.. %)
<br />will then rQuod th~ result of this addition to the- nearest one~cighth of one
<br />amount will be my new interest rate until the- next Chang.e Datc~
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<br />( D) Elfectiv. Date, of Chan~.s
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<br />\1y new lmere~t rate wLii become etIe-clIve on each Change, Dale, 1 will, pay the _'amount of ~y' ne-':V :momhty__
<br />pa,mem begmning on the first monthly payment date aner the Change Date ,until. the ,amount of my monthly'
<br />payment changes again.
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<br />\ E) NOlieeof Chanlles
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<br />The Note Holder will deliver or mall to me a notice of any changes ID my Imerest rale and t.he amoum of my
<br />ml)nthiy payment before the effective date of any change. The notice wiJl include information required -by, law ,to be
<br />glwn me and also the ,itle and telephone number of a person who will answer any que.tion I may have regarding ,the
<br />notice-
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<br />(n Borro..er', Rieht 10 Umit Monthly Payment
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<br />Unless Se<."1IOD> 4( H) and 4( 1) below will not permit me to do .~: 1 may choose to Iimlllhe amoum of my new
<br />m,)I),hi; paymem following a Change Date to the amount I have been paying muhiplied by the number 1.075, ThIS
<br />afHi.Hi:n\ 1\ tailed the_ "LimitedPaymcnc" If- J cboose a Limited Payment as PlY monthly pa)'ment~ I must gi\'C'- the
<br />=""" Ilolder nOliee that I am doin~." at 1.".,;1 15 da)'. bel"re my first ne" month I) payment i. due,
<br />
<br />I (; I Atldilio.... to My Unpaid Principal
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<br />If I choo.. 10 pay the LImited Paymem, my monthly payment could be less than the amount or lh,' ,nterest
<br />p;t:Hll(lfl (Ii lhe: monthly payment that would be, suffiden,1 to repay the unpaid prlOdpall owe .at the monthly paymcIH
<br />dale ;n flJH on lhe rnalUOJY, date- in $ubnA-miaHy equal paymems. If so, ea.~h mOOlb that the Limned Payment t;-. lt~\:)
<br />ihan th(: ffiH:re,'j.l ponion. th-e,,_NOlt Holder wlli \ublta-ct tho( l.imll,ed Payme-nl from the- Gl_mO'unt ~)f the mtere~t ~1fwJn
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<br />Iil\Ilf\&-tATE. AO.;lJ.T..... MTI JUoeR-1 v...r, n~_.,....---.~ F~)..-F~tFtil..M<; ~ hu.~.
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